Fund Tax Pro
MUNY New York (NY) exempt-interest percentage, tax year 2025
Vanguard New York Tax-Exempt Bond ETF is Vanguard's New York fund, so New York is the state its table centers on.
| Item | Published figure | Fund company source |
|---|---|---|
| New York share of exempt-interest dividends, 2025 | ••.••% | 2025 Tax-Exempt Interest Dividends by State Page 1. Table 1: State-specific municipal bond funds |
| Federal AMT percentage, 2025 | ••.••% | 2025 Alternative Minimum Tax: Tax-Preference Dividends by Fund Page 1 |
Working out MUNY state deductibility in New York
Preparers looking up MUNY for a New York return usually start with the fund's New York percentage. Multiply it by the exempt-interest dividends in Box 12 of Form 1099-DIV to get the New York portion. Fund Tax Pro supplies the published percentage, the calculation and the source; the preparer decides how it is treated on the return.
Backup for the client file
The backup PDF records MUNY's tax year 2025 percentage for New York, the calculation, the document title (2025 Tax-Exempt Interest Dividends by State) and page 1. Subscribers can also download Vanguard's document itself.